Virgin Media O2 operating income UK 2010-2023

In 2023, Virgin Media O2 reported an operating loss of 2,457 million British pounds, representing a significant downturn compared to the previous year. In 2022, the company achieved an operating income of 196.9 million British pounds, marking a substantial decrease. According to company reports, Virgin Media O2’s operating loss in 2023 can be attributed to a combination of a large goodwill impairment, rising debt costs, and tighter cash flows.

Operating income of Virgin Media O2 in the United Kingdom from 2010 to 2023 (in million GBP)

Characteristic	Income (loss) in million GBP
2023	-2,457.9
2022	196.9
2021	83.4
2020	28.5
2019	86.7
2018	206.9
2017	206.6
2016	341.6
2015	377.5
2014	220.1
2013	156.4
2012	698.8
2011	540.2
2010	321.9

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Release date

February 2024

More information

Region

Worldwide

Survey time period

2010 to 2023

Special properties

FY ends at December 31

Supplementary notes

In June 2021, Liberty Global and Telefonica entered into a joint venture to form Virgin Media O2 UK Holdings Limited (VMED O2), formerly Virgin Media Ltd. and O2 Holdings Ltd. The 2021 annual report and financial statements therefore reflect the seven-month period from the formation of VMED O2 on 1 June 2021 through to 31 December 2021. The revenue for 2020 was also adjusted.

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